Print Employee Earnings Report

Use this screen to print information relating to gross pay, tax withholding, deductions, contributions, and net pay that has been paid to each employee during the calendar year.

You can use this report for a variety of information needs having to do with calendar year-to-date earnings. This report is not considered part of the system audit trail, although it is important in support of payroll reports filed with IRS and State governments.

Note: Beginning January 1, 2013, the U.S. Internal Revenue Service (IRS) requires an employer to withhold Additional Medicare Tax on wages that are paid to an employee in excess of the IRS threshold amount (set at $200,000 in 2013). Costpoint has been updated for this requirement and now the Additional Medicare Withholding amount is stored in a separate column on the Employee Earnings table. As part of this enhancement, the Medicare Additional Amounts are included in this report.

You can review any of the information on the report on the Manage Employee Earnings History screen.

You can print this report any time year-to-date earnings information is required. Always print and review it at the end of each calendar year as part of closing the payroll year.

Multi-state tax functionality was added to a number of applications to allow the proper calculation of withholdings for employees who work in multiple states in a single pay period. Because of the new tables needed for multi state calculation, the Print Employee Earnings Report looks to a new table, EMPL_EARN_STATE, that can hold multiple state taxes for one paycheck.